Flexible budget for a product as prepare by Anchor Ltd, is given below:Sales – unit10,00015,00020,000Rs.Rs.Rs.Sales800,0001,200,0001.600.000Manufacturing cost:Variable300,000450,000600,000200,000500,000Fixed200,000650,000200,000Total manufacturing costMarketing and other expenses:800,000Variable200,000300,000400,000160,000560,000240,000FixedTotal Marketing and other expenseOperating income / (loss)160,000360,000(60,000)160,000460,00090,000Additional information:• The budget of 20,000 units will be used for allocating the fixed manufacturing cost to units of product.• At the end of first six months, 12,000 units have been completed and 6,000 units have been sold @ Rs.80 per unit.• All fixed costs are budgeted and incurred uniformly throughout the year and all costs incurred, coincide with budget.• The over or under applied fixed manufacturing cost is deferred unit the end of the year.(Note: Don't write Comma (,) Full stop () and any Rs. Signs in Answer just write in number (i.e. 10000, but not Rs.10,000))REQUIRED:Calculate the Over Applied Fixed Factory Overhead?

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Description: Flexible budget for a product as prepare by Anchor Ltd, is given below:Sales – unit10,00015,00020,000Rs.Rs.Rs.Sales800,0001,200,0001.600.000Manufacturing cost:Variable300,000450,000600,000200,000500,000Fixed200,000650,000200,000Total manufacturing c

The over or under charge of fixed overhead means the budgeted overhead is charged to the budgeted…

Business

Operations Management

Flexible budget for a product as prepare by Anchor Ltd, is given below: 20,000 Rs. 1.600,000 Sales – unit 10,000 15,000 Rs. Rs. Sales 800,000 1.200,000 Manufacturing cost: Variable Fixed 300,000 450,000 200,000 650.000 600,000 200,000 500,000 200.000 800.000 Total manufacturing cost Marketing and other expenses: Variable 200,000 160,000 360,000 (60,000) 300,000 160,000 460,000 90,000 400,000 160,000 560,000 240,000 Fixed Total Marketing and other expense Operating income / (loss) Additional information:

Flexible budget for a product as prepare by Anchor Ltd, is given below: 20,000 Rs. 1.600,000 Sales – unit 10,000 15,000 Rs. Rs. Sales 800,000 1.200,000 Manufacturing cost: Variable Fixed 300,000 450,000 200,000 650.000 600,000 200,000 500,000 200.000 800.000 Total manufacturing cost Marketing and other expenses: Variable 200,000 160,000 360,000 (60,000) 300,000 160,000 460,000 90,000 400,000 160,000 560,000 240,000 Fixed Total Marketing and other expense Operating income / (loss) Additional information:

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Flexible budget for a product as prepare by Anchor Ltd, is given below: Sales – unit 10,000 15,000 20,000 Rs. Rs. Rs. Sales 800,000 1.200.000 1.600,000 Manufacturing cost: Variable 300,000 200,000 500,000 450,000 200,000 650,000 600,000 200,000 800,000 Fixed Total manufacturing cost Marketing and other expenses: Variable 300,000 160,000 460,000 200,000 400,000 Fixed Total Marketing and other expense Operating income / (loss) 160,000 360,000 (60,000) 160,000 560,000 240,000 90,000 Additional information: • The budget of 20,000 units will be used for allocating the fixed manufacturing cost to units of product. • At the end of first six months, 12,000 units have been completed and 6,000 units have been sold @ Rs.80 per unit. • All fixed costs are budgeted and incurred uniformly throughout the year and all costs incurred, coincide with budget. • The over or under applied fixed manufacturing cost is deferred unit the end of the year. (Note: Don't write Comma (,) Full stop () and any Rs.…
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